How that the cryptocurrency sphere rapidly morphed from being a trivial matter few years ago to be a central subject of discuss today is nothing short of an enigma

Initially, cryptocurrencies appeared to be no more than a mere extension of the traditional, centralised financial market. In recent times however, its true potential is gradually being brought to the fore as it is soon an alternative of the former.

Today, nearly all financial derivatives have been incorporated into existing crypto platforms, with the remnant already in the development phase. With such feats and the promise of more to come, it is ominous that cryptocurrency is the future of the finance world.

Current Future Contract Market

Future contract is a financial derivative that has recently sparked interest in the crypto sphere.

As is already obvious, the nature and deadline of the contract is futuristic. Here, both parties will pick different sides as regards the fate of a specific stock, commodity, or currency, with the expiry date and price stipulated too. Upon expiry of the contract, the respective fate of both traders would be learnt, whether it be a profit or a loss, which is based on the tick size. As expected, these trades are charged but whether the charges are fair enough is another question. Many times the fees are not proportionate to the volume of trade and so, very often, it turns out that what should normally be a marginal profit ends up a loss, especially for small volume traders.
This alone is capable of significantly depleting the population of active future trading participants in the long run. In a bid to remedy this, digitex has been created.

What is Digitex?

Digitex is a new future market platform which is exceptionally unique from existing ones because it is commission-free. The only acceptable denomination here is DGTX- an erc-223 utility type token. From marginal profits, to marginal losses, future stakes, tick size, DGTX remains the common denominator across board, so long as the platform is concerned.

DGTX Tokens

It is the native currency on digitex. Built on the ethereum blockchain network, DGTX is an erc-223 token.

On the platform, it is essential for all intending traders to be in possession of DGTX tokens in other to conduct any operation especially as it is the common denominator for virtually everything. In lieu of it commission-free leverage over existing future exchanges, demand for the DGTX tokens will inevitable rise. By so doing, the need for transactions fees is eliminated, enabling the exchange to generate revenue for sustainability year in, year out through token sale.

Again, the DGTX tokens will be able to trade for a wide range of tokens including BTC, ETH and LTC.

Zero Transaction Cost

As earlier mentioned, one of greatest unbecomings of the existing future exchange market is invariant nature of transaction costs. Until now, future market traders have been choiceless in the matter but digitex is bound to change this. By availing a platform that is devoid of transaction fee, digitex would inevitably see an influx of traders and investors like never before. After all, who does not like the thought of freebies?

Decentralised Account Balance

Digitex market platform is based on a hybridized model-a centralized matchmaker and a decentralised exchange account. Notably, the latter is held by the blockchain technology.
Therefore, digitex platform will not have access to the account balance of its users, so funds are assuredly secured. Interestingly, in the event of a cyber attack say hacking, traders' funds will be untouched.

Decentralised Governance

Another unique feature of digitex platform is that through votes, users can request for the issuance of new tokens for the continuous running of the exchange. In light of the fee-free and trustless nature of the platform, users are incentivized to act in their collective best interest. This way governance of the platform is democratised.

Use Case

Sam is a future market trader, and notably, he is not the trusting type. In the five years of his stay in the industry, he has never staked beyond a meagre $15, and so the profit is hardly ever substantive. This is mostly due to the charges that he must pay the exchange. Sam is fed up making peanuts. Just like any sane businessman, he wants to make good profit but he is yet unwilling to burden himself with trust.

After several months of searching for an alternative, Sam eventually struck gold! He got to learn about digitex from a friend and today he's making good profit without boring himself with trust or paying transaction costs.

Conclusion

Digitex will undoubtedly have a landmark pact in the manner and conduct of trading in the future exchange market. It's trustless and commission-free features are simply unbeatable. And by implication, the world of finance will scale even more.

Here's my video entry:

For more information, kindly, check out the following pages and resources:
Digitex Website
Digitex WhitePaper
Digitex Blog
Digitex Telegram
Digitex Facebook

To participate in this contest kindly follow this link:https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-digitex

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